Got Your Bathing Suit ?

Got Your Bathing Suit ?

The Bank of Canada lowered the prime lending rate this past week, in a move that garnered very little attention in the media. For the better part of a generation, interest rates have been low, so a move from almost zero, to a little closer to zero raises few eyebrows....
Compounding Interest

Compounding Interest

  Real estate investors, or those who fancy themselves to be, sometimes turn for inspiration and gumption to a poem entitled ‘Procrastination’. Penned by an anonymous author in 1918, Procrastination retells the fabled sale of Manhattan Island to Peter...
Reason for Optimism

Reason for Optimism

     A friend of mine was recently relocated from Boston to Dallas for employment purposes. Having visited him in both locations, my observation of the difference in home prices is startling.  One need only acquire a window seat in the airplane and a rudimentary...

Stickin’ To My Knittin’

    While travelling through the States recently I took the opportunity to read the business section of the local paper. The pieces that I find myself gravitate towards are personal help columns written by financial planners. The Globe has such a piece each Saturday,...

The Pendulum Swings Both Ways

   A mortgage broker friend of mine and I were recently observing how often folks ask us about “where the market is heading.” In his case, they mean interest rates, in mine, real estate prices. However, the questions are really one and the same. So...